Comments on: 10/20/2006 http://www.flipthiswholesaler.net/2006/10/10202006/ Wholesaling Real Estate Blog Fri, 10 Feb 2012 13:43:11 -0700 http://wordpress.org/?v=2874 hourly 1 By: Jack http://www.flipthiswholesaler.net/2006/10/10202006/#comment-13170 Jack Wed, 31 Aug 2011 23:03:42 +0000 http://www.flipthiswholesaler.net/2006/10/10202006/#comment-13170 Hi Steph, I came across your site while doing some research on how to market for properties to wholesale. I gotta say, it's awesome! I never thought of sending out postcards to people; that's brilliant! But I'm curious; what do the postcards say? I don't know what to put on the postcards I'll be mailing. Thanks, Jack Hi Steph,

I came across your site while doing some research on how to market for properties to wholesale. I gotta say, it’s awesome!

I never thought of sending out postcards to people; that’s brilliant! But I’m curious; what do the postcards say? I don’t know what to put on the postcards I’ll be mailing.

Thanks,
Jack

]]> By: Stephani http://www.flipthiswholesaler.net/2006/10/10202006/#comment-12704 Stephani Wed, 10 Aug 2011 15:45:37 +0000 http://www.flipthiswholesaler.net/2006/10/10202006/#comment-12704 Hi Jay, Glad to hear you are enjoying the blog- thanks for stopping by to say HI! Steph Hi Jay,

Glad to hear you are enjoying the blog- thanks for stopping by to say HI!

Steph

]]> By: Stephani http://www.flipthiswholesaler.net/2006/10/10202006/#comment-12700 Stephani Wed, 10 Aug 2011 15:36:28 +0000 http://www.flipthiswholesaler.net/2006/10/10202006/#comment-12700 Hi Keith, I actually recorded a video that talks about the pros and cons of REOs vs private sellers deals....http://www.youtube.com/watch?v=FydgewnPsho I prefer REOs because I don't have to spend any money on marketing and I can just sit and shoot out offers all day without a whole lot of effort. The turnaround time is usually around 3 weeks to a month, sometimes shorter, sometimes longer. As far as the assignment question- I always collect a non-refundable deposit when the contracts are signed, and then collect the assignment fee at closing. Hope that helps! Steph Hi Keith,

I actually recorded a video that talks about the pros and cons of REOs vs private sellers deals….http://www.youtube.com/watch?v=FydgewnPsho

I prefer REOs because I don’t have to spend any money on marketing and I can just sit and shoot out offers all day without a whole lot of effort. The turnaround time is usually around 3 weeks to a month, sometimes shorter, sometimes longer.

As far as the assignment question- I always collect a non-refundable deposit when the contracts are signed, and then collect the assignment fee at closing.

Hope that helps!
Steph

]]> By: Jay http://www.flipthiswholesaler.net/2006/10/10202006/#comment-12674 Jay Tue, 09 Aug 2011 05:59:54 +0000 http://www.flipthiswholesaler.net/2006/10/10202006/#comment-12674 Hey Steph, I found you while looking for investing videos on YouTube. After spending hours watching your videos, the addiction of learning tips from a REAL wholesaler gave me withdrawals so i just HAD to read your blog. I've read about 20 pages so far, and I'm learning so much from your experiences. I've gotta say, your life is very inspirational. You're my new hero. I hope you never stop blogging! Hey Steph,

I found you while looking for investing videos on YouTube. After spending hours watching your videos, the addiction of learning tips from a REAL wholesaler gave me withdrawals so i just HAD to read your blog.

I’ve read about 20 pages so far, and I’m learning so much from your experiences. I’ve gotta say, your life is very inspirational. You’re my new hero. I hope you never stop blogging!

]]> By: Keith http://www.flipthiswholesaler.net/2006/10/10202006/#comment-12623 Keith Sat, 06 Aug 2011 08:14:07 +0000 http://www.flipthiswholesaler.net/2006/10/10202006/#comment-12623 Hey Steph, Spent a few hours looking over your site and watching your youtube videos. Alot of very practical info here. Great Job! You seem to prefer REO deals over motivated private home owners suffering from one of the 4 D's. Do REO's provide a better ROI or are easier to find or deal with? What is the standard turn around time on REO Properties you do secure? Is it a couple weeks or is it months? Wouldn't it be easier to deal with distressed home owners than the banks? No proof of funds letters, no large ernest money to come up with and alot more flexability. One more question if you dont mind. When you do assign the contract to another investor, do you get your assignment fee at the time you sign over your rights to the property? Or do you get paid after the sale is final between the home owner/bank and the investor you assigned the contract to? Thanks in advance, Keith Hey Steph, Spent a few hours looking over your site and watching your youtube videos. Alot of very practical info here. Great Job! You seem to prefer REO deals over motivated private home owners suffering from one of the 4 D’s. Do REO’s provide a better ROI or are easier to find or deal with? What is the standard turn around time on REO Properties you do secure? Is it a couple weeks or is it months? Wouldn’t it be easier to deal with distressed home owners than the banks? No proof of funds letters, no large ernest money to come up with and alot more flexability.

One more question if you dont mind. When you do assign the contract to another investor, do you get your assignment fee at the time you sign over your rights to the property? Or do you get paid after the sale is final between the home owner/bank and the investor you assigned the contract to?

Thanks in advance, Keith

]]> By: Stephani http://www.flipthiswholesaler.net/2006/10/10202006/#comment-12488 Stephani Thu, 28 Jul 2011 23:41:55 +0000 http://www.flipthiswholesaler.net/2006/10/10202006/#comment-12488 Thanks for the kind words, Mike. I appreciate you stopping by and saying hello. :) Thanks for the kind words, Mike.

I appreciate you stopping by and saying hello. :)

]]> By: Mike Hurdle / Kingdom Properties http://www.flipthiswholesaler.net/2006/10/10202006/#comment-12417 Mike Hurdle / Kingdom Properties Mon, 25 Jul 2011 07:20:42 +0000 http://www.flipthiswholesaler.net/2006/10/10202006/#comment-12417 Hello Steph. I am new to investing but I mysteriously came across your youtube video. I have since subscribed. You seem to be very genuine. I have a good feeling about you and would like to follow you as much as possible. I don't have any questions at this time. I hope that this has somehow given you encouragement to continue doing what you are doing and being transparent with your followers. Thanks, Mike Hello Steph. I am new to investing but I mysteriously came across your youtube video. I have since subscribed. You seem to be very genuine. I have a good feeling about you and would like to follow you as much as possible. I don’t have any questions at this time. I hope that this has somehow given you encouragement to continue doing what you are doing and being transparent with your followers.

Thanks,
Mike

]]> By: Stephani http://www.flipthiswholesaler.net/2006/10/10202006/#comment-11492 Stephani Thu, 28 Apr 2011 14:45:50 +0000 http://www.flipthiswholesaler.net/2006/10/10202006/#comment-11492 Hi John, You'll have to provide the seller with a deposit. Then when you assign your contract to your end buyer, you collect a deposit from them. Steph Hi John,

You’ll have to provide the seller with a deposit. Then when you assign your contract to your end buyer, you collect a deposit from them.

Steph

]]> By: John http://www.flipthiswholesaler.net/2006/10/10202006/#comment-11489 John Thu, 28 Apr 2011 11:03:20 +0000 http://www.flipthiswholesaler.net/2006/10/10202006/#comment-11489 Hi Steph I saw a blog you did on not telling the seller you are going to wholesale the property and to say to them if they ask, "I dont know if I will put title in my name or my business." I am taking your advice on a appointment I have tomorrow, I told seller I am buying property for myself. So when I put the contract in writing, what do I do for an earnest money deposit since its going to really be a wholesale deal? Hi Steph

I saw a blog you did on not telling the seller you are going to wholesale the property and to say to them if they ask, “I dont know if I will put title in my name or my business.” I am taking your advice on a appointment I have tomorrow, I told seller I am buying property for myself. So when I put the contract in writing, what do I do for an earnest money deposit since its going to really be a wholesale deal?

]]> By: Stephani http://www.flipthiswholesaler.net/2006/10/10202006/#comment-9666 Stephani Tue, 01 Feb 2011 15:14:46 +0000 http://www.flipthiswholesaler.net/2006/10/10202006/#comment-9666 Hi Roman, Most of the time they don't cash your EMD until after your offer is accepted, so you don't need to worry about coming up with the deposit until then. You can also write into your contract that your EMD will be deposited upon acceptance and ratification of your offer. If you are working with a buyers agent, just let them know that you plan on making multiple offers and do not wish to write out separate checks for each offer. Or, you can always go after non-listed properties where you can get away with giving the seller a very small EMD. Hope that helps, Steph Hi Roman,

Most of the time they don’t cash your EMD until after your offer is accepted, so you don’t need to worry about coming up with the deposit until then. You can also write into your contract that your EMD will be deposited upon acceptance and ratification of your offer.

If you are working with a buyers agent, just let them know that you plan on making multiple offers and do not wish to write out separate checks for each offer.

Or, you can always go after non-listed properties where you can get away with giving the seller a very small EMD.

Hope that helps,
Steph

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